DJI's Pre-IPO Round Oversubscribed by 30 Times with $15B Evaluation
"Now DJI is too popular," says one of the investors involved in this round of DJI financing. DJI has recently released the bidding results for the initial round...
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Huawei Won't Give Up Mobile Business or Develop Real Estate: Executive
The United States has created many difficulties for Huawei but they are solvable. Huawei will not give up its mobile phone business nor develop real estate, said Guo Ping, the company's rotating chairman.
8/18/20213 min read
HeyTea Apologizes for Microbial Contamination, Five Rectifications Are on the Way
HeyTea issued an apology for the detection of microbial contamination in beverages sold in Nanjing stores and listed five corrective measures.
Instagram Launches New TikTok Imitator Called Reels
To compete with Chinese short-video app TikTok, Instagram is launching a video-music remix feature, dubbed Reels, which enables users to create 15-second video clips set to music and share them as Stories.
11/13/20192 min read
Former 01.AI Core Member Joins ByteDance's AI Team Amidst 01.AI's Strategic Refocus
In response to the news of core member Huang Wenhao joining ByteDance, 01.AI stated that the company structure has been adjusted recently to focus more on the company's business.
8/29/20242 min read
Lemon Tea Brand Ningji Acquires Changsha-Based Coffee Brand RUU
Lemon tea brand Ningji has recently invested in Changsha-based local coffee brand RUU, and has become its wholly-owned parent company.
5/18/20222 min read
Alibaba and Richemont Form Partnership to Give Luxury Brands Enhanced Access to Chinese Market
Alibaba Group and Richemont, a Switzerland-based luxury goods holding company, announced a global strategic partnership today with the purpose of bringing the r...
China Women’s Basketball Team Advance to the Tokyo Olympics
After defeating Great Britain and Spain in the qualification tournament, the Chinese women’s basketball team succeeded in its quest for an Olympic berth in 2020.
2/11/20202 min read
Baidu Apollo and WM Motor Launch Two New Cars, Achieving Mass Production of Assisted Navigation Model
Baidu Apollo, an open-source autonomous vehicle technology platform, and WM Motor, a new energy vehicle manufacturer, officially released two new cars on Tuesday, both of which are based on the WM Motor W6 SUV.
10/19/20213 min read
Five State-owned Enterprises to Delist from New York Stock Exchange
On August 12, five Chinese state-owned enterprises announced that they had applied for a voluntary delisting of their American Depository Shares (ADSs) from the New York Stock Exchange.
China NFT Weekly: Secondary Market for Digital Collectibles
This week: Chinese metaverse infrastructure startup Xmov receives $130 million in funding, Shandong Television pursues NFT and metaverse projects, and more.
4/11/20228 min read
Founder of Internet Firm Sohu.com Denies U.S. Delisting Rumors
Charles Zhang, the founder, chairman and CEO of Chinese internet company Sohu.com Limited, on Monday denied rumors of the company's required delisting from U.S. stock exchanges.
4/19/20222 min read